Form 4: Centuri Holdings Officer Connell Jr. Reports Acquisition of Restricted Stock Units

James W. Connell Jr., Chief Commercial and Strategy Officer of Centuri Holdings, Inc., reports the acquisition of 19,011.41 restricted stock units (RSUs) on July 30, 2024.

Summary

• On July 30, 2024, James W. Connell Jr., Chief Commercial and Strategy Officer of Centuri Holdings, Inc., acquired 19,011.41 restricted stock units (RSUs).
• The RSUs were granted pursuant to the Issuer's Omnibus Incentive Plan.
• Each RSU is equivalent to one share of Centuri Holdings' common stock and can be settled in shares or, in certain cases, in cash.
• The RSUs will vest 18 months after the grant date.

Sentiment

Score: 5

Explanation: The document is a neutral report of a stock grant, with no inherent positive or negative implications.

Positives

• The grant of RSUs aligns the officer's interests with the company's performance.

Industry Context

This filing is a routine disclosure of stock-based compensation, a common practice in publicly traded companies to incentivize executives.

Stakeholder Impact

• The RSU grant may have a minor positive impact on shareholder sentiment by aligning management's interests with company performance.

Key Dates